How Does Kronobit Networks Blockchain Works?

Kronobit Networks Chain uses Proof-Of-Authority (PoA) as the consensus method that gives a small and designated number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry.

According to the selected scheme, one or more validating nodes are responsible for generating each new block of transactions that will be included in the Blockchain. The new block can be accepted directly, or by unanimous vote of the block generators, or simply by majority, depending on the configuration chosen for the Blockchain.

Future Plans Of Kronobit Networks

Kronobit Networks Blockchain is based on the Proof of Authority (PoA) consensus method. On top of that, we are creating a blockchain ecosystem across the entire blockchain technology stack.

We are building the infrastructure for a more connected and efficient future where people can take advantage of the technical advances offered by technology such as:

Dapps, Smart Contracts, WEB3 application development, NFT, Metaverses, Games, Support for industries that require a stable blockchain and 100% scalable.